Everybody has a plan until they get punched in the face

Market Update

The Setup:

“In the past 30 days, around 95% of stocks are down 25% or more, but the S&P is down only around 5%.”

The AAII (American Assoc of Individual Investors) survey now shows 26.7% bulls and 42.4% bears and that’s from December 1st.

CNN Fear & Greed is now 20, in the extreme fear camp.

Options showing some high put call ratios last week but not quite t…